All posts by Todd Mitchell

Market Settles Mixed After Strong Open

The market showed strength for the 2nd-straight session following Wednesday’s run to higher highs before a mixed closed. Better-than-expected corporate earnings and economic news help sentiment along with the signing of the USMCA agreement.The weakness into the closing bell and after the Fed news on unchanged interest rates was a signal of a continued choppiness […]

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Market Rebounds but Fails Key Resistance Levels

The market showed strength on Tuesday following a blowout GDP number as Wall Street focused on better-than-expected economic news and earnings. The major indexes rebounded to push prior resistance levels from earlier in the month but remain on cautious ground.The action in the small-caps remains a concern along with the heightened levels in the S&P […]

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Apple’s most exciting market is your ear

Apple (AAPL) will report results for its fiscal first quarter after the bell today.Wall Street expects holiday-quarter earnings per share to hit $4.56 on revenue of $88.38 billion. Revenue from Apple’s closely-watched services segment should be right around $13 billion, according to estimates from Bloomberg.And while the Street continues chasing Apple shares higher and pronouncements […]

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Bulls Stay Aggressive

The market continued its recent whipsaw action on Friday following a strong open as Wall Street continued to closely monitored the extent to which the coronavirus can be contained. A total of 40 million people are effectively under quarantine in China and travel bans have been issued.Authorities in Beijing and other cities canceled many public […]

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50-Day MA’s in Play

The market opened lower and showed no sign of recovery after China reported nearly 2,000 new cases of the Wuhan coronavirus were diagnosed over the weekend. Overseas markets in Asia were mostly closed for various holidays and led to some of the nervousness and gap lower.The major indexes came close to losing their gains for […]

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Extreme Option Profits Chart of Day… How to Trade Coronavirus Threat

The coronavirus has gone global.At the moment, 2,900 people around the world have been infected. Up to 81 people have now died. Chinese hospitals have been “overwhelmed.” Public transportation is being closed down to prevent the spread. Lunar New Year celebrations have been canceled.​ Multiple cases have now been spotted in Hong Kong, Macau, Taipei, […]

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Why the coronavirus outbreak could trigger a stock-market pullback

U.S. equity

The spread of China’s coronavirus is providing stock-market investors with another reason for near-term caution as major U.S. equity benchmarks trade near all-time highs, analysts said, offering a potential trigger for a near-term pullback. “Conditions in the broad market are ripe for a pause as sentiment measures and overbought conditions are at extreme levels. However, the […]

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Dow Jones Recovers After 200-Point Drop; Intel Surges Late; Netflix Rebounds Bullishly

Netflix Stock

The stock market turned in another resilient performance Thursday despite another sell-off in Asian markets overnight. The Dow Jones Industrial Average pared losses after falling more than 200 points early.  Boeing (BA) was a top gainer in the Dow Jones industrials, while Citrix Systems (CTXS), Neflix (NFLX) and Western Digital (WDC) outperformed in the Nasdaq 100. […]

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Bulls Stay Strong Despite Opening Weakness

U.S. markets were choppy for the 2nd-straight session after trading on both sides of the ledger and closing mostly higher. Concerns over the corona-virus weighed on sentiment after China expanded their strict travel bans to include at least five cities, after first imposing the travel ban on Wuhan, where the virus appears to have originated.The […]

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Extreme Option Profits Chart of Day… Wells Fargo (WFC)

It appears Wells Fargo (WFC) has priced in a great deal of fear and pessimism after earnings.As you can see in the WFC chart, it’s just beginning to recover from its lower Bollinger Band (2,20), and from aggressively oversold conditions on RSI (at its 30-line), MACD (at historic low year over year), and on Williams’ […]

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